Indian refiners purchase more US crude before trade talks in May
0Ahead of trade talks, Indian refiners are increasing US oil purchases, with June imports set to hit an 11-month high due to discounted WTI prices and...
oil-&-gas
Demand-supply imbalances, weakness in transportation fuel cracks impacted O2C segment: Mukesh Ambani
0Reliance’s profit edged up by 2% year-on-year, although its oil-to-chemicals segment faced challenges due to weak transportation fuel cracks and downstream chemical market imbalances, resulting in...
Three more Russian insurers seek India's approval to provide cover for oil tankers, sources say
0As Western sanctions pressure Russia’s oil exports, three more Russian insurers, including Sberbank Insurance, seek India’s approval for marine insurance on oil shipments. This move aims...
India cuts LNG buying as other fuels become more attractive
0Indian energy importers, including Gail India and Indian Oil Corp, are increasingly turning to cheaper oil products like naphtha and propane due to elevated LNG prices...
Saudi to jointly set up two refineries in India
0Saudi Arabia is partnering with Indian companies to establish two refineries in India, each with a 9 million tonnes per year capacity. Aramco may invest ₹18,000...
India to work with Saudi Arabia to enhance stability of global oil markets
0India and Saudi Arabia have agreed to collaborate on stabilising global oil markets and balancing energy dynamics, emphasising the security of supply for all energy sources....
Reliance imported 17.3% more Russian oil in March as against Feb
0Reliance Industries imported about 532,700 barrels per day (bpd) of Russian oil in March, marking a 17.3% increase from February, according to ship-tracking data. Russian crude...
India, Saudi Arabia exploring joint refinery, petrochemical projects, Modi says
0India and Saudi Arabia are discussing joint refinery and petrochemical projects. They are also studying electricity grid connectivity. Saudi Arabia wants to increase oil exports to...
India attracted $36 billion investment, 177 discoveries in pre-2014 oil, gas blocks: Oil Ministry Report
0India’s oil and gas exploration policies, NELP and OALP, attracted significant investment, leading to numerous discoveries. While NELP faced challenges like clearance delays and cost recovery...
City gas firms to get pro-rata allocation of expensive “new well gas”: Govt
0The Oil Ministry has announced that city gas distributors will now receive a quarterly allocation of ‘new well gas’ alongside regular domestic gas to better meet...